Capital Gains Tax Not Justified on Agricultural Land Due to Low Income; Land Use Nature Remains Unchanged.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Levy of capital gains tax on sale of agricultural land - just because, the assessee has not been able to generate desired agricultural income from the said lands would not change the character of agricultural land to a non-agricultural land.....